Second arrest from FSA over foreign exchange
A 54-year-old man has been arrested as part of a FSA investigation into the same suspected unauthorised foreign exchange trading scheme that led to the arrest of “champagne trader” Alex Hope.
In April City A.M. revealed 23-year-old Hope, who achieved notoriety after spending £125,000 on a single bottle of champagne and leaking the receipt to the media, had been arrested on suspicion of offences under the Fraud Act and Financial Services and Markets Act.
The new arrest also relates to the same legislation.